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PRE-AUTHORIZED TRANSACTIONS

Setting up automatic deposits or withdrawals is easy! Identifying the proper account identification numbers is important so that these transactions are processed accurately and timely.

 

Finding Your Account Information on a Cheque

Pre-Authorized Deposits 

There are three identification numbers within the encoding on a cheque that are required to set up a pre-authorized transaction:

  • Transit/Branch
  • Institution
  • Account

 

Pre-Authorized Withdrawals

Setting up a pre-authorized withdrawal or making a change is also easy. The options include:

  • Contact the receiving company directly
  • Most companies have on their websites the ability to set-up pre-authorized withdrawals online or a form may also be available OR
  • Contact our Member Service Centre at 1-855-220-2580 for assistance.
Sample Cheque